Pivot point: 0.9150
The expected scenario: Entering long positions at the highest levels of 0.9150, targeting the levels of 0.9300.
Alternative scenario: entering short deals below the 0.9150 levels, targeting the 0.9010 levels.
Commentary: The dollar-franc pair witnessed a change in the general trend from bearish to bullish, in the short term, after penetrating the descending price channel, and reaching the levels of 0.9240, And then returning within the framework of a corrective wave and a retest of the 0.9150 levels, which is expected to consolidate from those levels and then return to complete the ascending phase again, targeting the 0.9300 levels, in the short term, especially in light of the intersection of the moving average 50 above the moving average. 100, in a confirmation sign that there are more rises in the short term.
